A business which prepares its financial statements annually to 31 December suffered bad debts which were written-off:

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The business had a balance of £790 on the Allowance for Doubtful Debts Account on 1 January 2014. At the end of each year, the business considered which of its debtors appeared doubtful and carried forward an allowance of;

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Show each of the entries in the statements of profit or loss and prepare the Allowance for Doubtful Debts Account for each of the three years.

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Frank Woods Business Accounting Volume 1

ISBN: 9781292084664

13th Edition

Authors: Alan Sangster, Frank Wood

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Question Posted: May 09, 2024 10:00 AM

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A business which prepares its financial statements annually to 31 December suffered bad debts which were written-off:

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2014 810 2015 630 2016 1,070

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Frank Woods Business Accounting Volume 1

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